Left In Lowell

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August 11, 2011

Oh, Mittster. Really?

by at 12:19 pm.

Whose pockets, Mitty? Whose?

ROMNEY: To balance our budget and not spend more than we take in, we need to make sure that the promises we make in Social Security, Medicaid, and Medicare are promises we can keep, and there are various ways of doing that. One is we could raise taxes on people. That’s not the way…

AUDIENCE MEMBERS: Corporations!

ROMNEY: Corporations are people, my friend.

AUDIENCE MEMBER: No they’re not!

ROMNEY: Of course they are. Everything corporations earn ultimately goes to people.

AUDIENCE (laughter)

ROMNEY: Where do you think it goes?

AUDIENCE MEMBER: In their pockets!

ROMNEY: Whose pockets? People’s pockets. Okay, human beings, my friend.

No one should be defending the “corporations are people” schtick that the Supreme Court’s 100+ year old precedent claims. It, of course, led to the modern conservative court ruling in favor of Citizens United, a very unpopular ruling that has incredibly damaging effects on our democracy.

Of course, if you’re Mitt Romney, you’ve had corporate profits go into your pocket, but for the vast majority of Americans, we don’t get any or much of that slice of the pie, do we? But gutting Social Security, Medicare and Medicaid? That doesn’t hurt anyone, does it? Way to be out of touch, Mittsy.

I also love the condescending “my friend” he puts at the end of sentences. Who’s he fooling?

Via dkos.

12 Responses to “Oh, Mittster. Really?”

  1. Magnolia Says:

    Romney is obviously delusional if thinks corporations share the wealth with ” the people” . More like the CEO and upper level ( waaay upper level) employees

  2. C R Krieger Says:

    I will stand up for precedent—stare decisis.  Sometimes we like it and sometimes we don’t.  But, it is how the system works.  Do we want some low level judge saying Maggie Marshall was wrong about “Gay Marriage” and telling some couple out in Lower Train Switch they can’t get married?

    As for taxes on corporations, it is my expectation that, as with the proposed VAT, it all comes back to the consumer in higher prices.

    I wish there was Pixie Dust, but there isn’t.  At the end of the day it comes back to us, the citizens and consumers.

    Regards  —  Cliff

  3. Mr. Lynne Says:

    Precedent is that it only all comes back to consumers if the market will sustain the higher prices. In the case of a demand glut, this is unlikely - otherwise these corporations with their profits would be hiring and expanding. As it is, they are not. Will they try to take it from consumers? Probably - but I think they’ll find the elasticity of demand just isn’t there.

  4. Lynne Says:

    Sorry, sometimes long tried-and-true SCOTUS precedent is wrong wrong wrong.

    Slavery and Dred Scott anyone? Plessy v. Ferguson?

    Precedent has been overturned before, and it can be again, and we the people can also demand a constitutional amendment to address it if we decide enough is enough.

  5. waittilnextyr Says:

    http://www.latimes.com/business/la-na-mittoffshore17dec17,0,3457481.story

  6. C R Krieger Says:

    Was Dred Scott ever overturned?

    The beauty of the system is that we can make a Constitutional Amendment.

    Regards  —  Cliff

  7. Lynne Says:

    Maybe overturned is the wrong word (as that indicates the same case came up and was overturned) but we’ve certainly overturned the precedent it set, don’t you think?

  8. Big Dog Says:

    Here we go again…another millionaire trying to come down to the common man’s level…and looking like a fool in doing so! Why is it that guy’s like Romney think they have all the answers? As a presidential candidate, Romney says he opposes revenue-boosting tax increases. But back when he was Massachusetts’ governor, he bragged about them! Guess he’s learning the art of flip flopping better this time around.

  9. joe from Lowell Says:

    Corporations are people right up until they get caught violating the law as a matter of policy.

    Then we can’t put anyone in jail, because the corporation did it.

  10. joe from Lowell Says:

    As for taxes on corporations, it is my expectation that, as with the proposed VAT, it all comes back to the consumer in higher prices.

    The idea that there is 100% pass-through, or even anything like it, of corporate taxes makes no sense.

    The market determines what a supplier can get away with charging for a product. If a business could raise its prices to the level necessary to cover the tax, why wouldn’t it have done so already and taken the difference as profits?

  11. openyoureyes Says:

    Let’s live in the real world Lynne they were not audience members they were PAID hecklers sent by George Soros’s group. Corporations are made up of people just ask all the people that work for those evil empires. Don’t worry all will be right with the world when the annointed one returns from yet another vacation at enormous taxpayer expense and he will unveil his jobs program. Guarenteed another failed government spending plan is in the offing.

  12. Lynne Says:

    Bwahahaha. Seriously? Paranoid conspiracy theories much? Also, I recommend not posting on old threads, as I am probably the only one to see it.

    I might just keep you around for the amusement, after all.

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